Biden sees no threat to US banking sector ...News

The US President admits that Washington needs time to deal with the current challenges The American banking sector is not going to explode, US President Joe Biden said on Friday, but added that the country still needed some time to resolve the present difficulties at financial institutions. The president said US lenders were in relatively good shape with the government throwing all its effort into containing the fallout from the recent string of bank failures. Biden said some time would be needed for the situation to stabilize but denied the rescue of Credit Suisse by fellow European giant UBS was a direct consequ

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